NOT LISTED FOR SALE

Estimated Value: $777,000 - $972,000

6 Beds
4 Baths
1,575 Sq Ft
$563/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $290,000 $184 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $4,880/month

41 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Madison Heights Elementary School Rated A-

About This Home

As of November 2015

North Central / Biltmore area turnkey property that's easy to own and manage. Newer plumbing - including main, many newer appliances and water heaters and a/c units. Located in a prime area near desirable destinations: shopping - Sprouts, Hiking - Phoenix Mountains, a park, the freeway, Biltmore area and near major dining centers. The property features spacious units with private yard and other amenities that keep them rented. Many long term tenants with rents below market. Available separately or together with 1716 B ( MLS No. 5321181 )for an attractive 8 unit investment. Attractive low maintenance landscaping: lots of recent improvements and growing future potential. This property would make a great for an owner occupant investor.

Last Agent to Sell the Property

Artur Ciesielski

HomeSmart License #SA527273000 Listed on: 08/15/2015

HomeSmart

Co-Listed By

Joanna Zajusz

HomeSmart License #SA536079000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1963

Lot Details

  • 8,712

Home Design

  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 164-34-020-K

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Ocotillo Canyon Subdivision

Building Details

  • Operating Expense $5,194
  • Net Operating Income $25,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,573

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 16th Street and Glendale Road.
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: Ocotillo Canyon
  • Tax Parcel Letter: K
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Block
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 100.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 164-34-020-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 1601.0
  • Maintenance Expense: 1620.0
  • Property Net Operating Income: 25618.0
  • Annual Operating Expense: 5194.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1573.0
  • Tax Book Number: 164.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2020
Sold by
Savory Citrus Llc
Bought by
Ocotillo Point Llc
Current Estimated Value
$886,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,784,000
Outstanding Balance
$2,471,562
Interest Rate
3.74%
Mortgage Type
Commercial
Estimated Equity
-$1,585,229

Purchase Details

Closed on
Aug 10, 2018
Sold by
Hart Alan D
Bought by
Savory Citrus Llc

Purchase Details

Closed on
Sep 28, 2015
Sold by
Bb Properties Llc
Bought by
Hart Alan D

Purchase Details

Closed on
Apr 22, 2010
Sold by
Belanich Brian
Bought by
Bb Properties Llc

Purchase Details

Closed on
Mar 7, 2006
Sold by
Bedient Karina
Bought by
Aneloski Mark and Aneloski Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2005
Sold by
Holub George
Bought by
Bedient Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,500
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2003
Sold by
Hustead Michael
Bought by
Holub George and Holub Emily E

Purchase Details

Closed on
Mar 15, 2002
Sold by
Hustead Kristen L
Bought by
Hustead Michael

Purchase Details

Closed on
Mar 13, 2002
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Hustead Michael

Purchase Details

Closed on
Jun 20, 1996
Sold by
Wilson Joanne Orlandini
Bought by
Centercrest

Purchase Details

Closed on
Mar 11, 1996
Sold by
Ocotillo Apartments Inc
Bought by
Wilson Joanne Orlandini
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ocotillo Point Llc $3,480,000 Fidelity Natl Ttl Agcy Inc
Savory Citrus Llc -- None Available
Hart Alan D $275,000 First American Title Ins Co
Bb Properties Llc -- Accommodation
Belanich Brian $118,000 American Title Service Agenc
Aneloski Mark $350,000 None Available
Bedient Karina $302,000 Capital Title Agency Inc
Holub George -- --
Hustead Michael -- Stewart Title & Trust
Hustead Michael $185,000 Stewart Title & Trust
Centercrest -- --
Wilson Joanne Orlandini $83,125 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocotillo Point Llc $2,784,000
Previous Owner Aneloski Mark $280,000
Previous Owner Bedient Karina $226,500
Closed Bedient Karina $60,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2015 11/30/15 Sold $290,000 -9.1% $184 / Sq Ft
09/23/2015 09/23/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $319,000 -- $203 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,112 $16,214 -- --
2024 $1,960 $15,442 -- --
2023 $1,960 $64,270 $12,850 $51,420
2022 $1,901 $48,920 $9,780 $39,140
2021 $1,918 $42,950 $8,590 $34,360
2020 $1,888 $35,010 $7,000 $28,010
2019 $1,846 $29,870 $5,970 $23,900
2018 $1,801 $26,580 $5,310 $21,270
2017 $1,716 $24,270 $4,850 $19,420
2016 $1,657 $15,450 $3,090 $12,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5321156

Arizona Regional Multiple Listing Service (ARMLS)

APN: 164-34-020K

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